Money management books have become increasingly popular as we gradually move into 2023, particularly with entrepreneurs, tax professionals, accounting executives, and those who want to learn more about money management. These money management books have been tested and trusted to be some of the best books on money management worldwide.
Most people are unfortunately not very educated on how to manage money. All the different IRS definitions and tax qualifications can be confusing, and fewer people still know how to manage their money in a general sense through their day-to-day life.
Here are 8 of our favorite books on how to manage your money.
Money management books can help guide one into financial sustainability. However, these should go beyond just books and also have the intention to want to read better and do just as these books say. When you choose to study books on management, you should also be prepared to do what you should get the best out of the experience.
Contents
Choosing the Best Books on Money Management
When it comes to finding, choosing, and picking books on management, we have taken our time to review the ones that uniquely stand out and can contribute immensely to your financial goals.
These books can contribute to your understanding of growth and advancement in choosing the right money management books.
When you think of the time investment and the commitment required to get the best in your financial programs and business rewards. The type of businesses and money management books you invest in matter significantly.
Deciding on what type of money management book can come with its unique challenges, but knowing how to navigate the challenges and finding that rare gem can mean everything.
1. The Total Money Makeover – Dave Ramsey
Dave Ramsey is the host of the popular radio program the Dave Ramsey show and has written 5 best-selling books. The Total Money Makeover covers strategies for handling financial stresses like marital bills or paying for your kids’ college. The book is not about getting rich quickly but about handling your money smartly to manage debt risk.
Publisher: Thomas Nelson; 1 edition (September 17, 2013)
Customer Reviews: 4.7 out of 5 stars6,767 customer ratings
Amazon Best Sellers Rank: #458 in Books (See Top 100 in Books)
2. All the Money in the World – Laura Vanderkam
Vanderkam’s book is a bit different from other financial help books. All the Money in the World is not necessarily about how to be frugal and save money but how to squeeze every last bit of value out of the money you spend. The key idea is that you should spend your money in a way that promotes and lets you live your values. Identifying the things you value helps you spend your money.
Publisher: Portfolio; Reprint edition (May 28, 2013)
Customer Reviews: 3.7 out of 5 stars41 customer ratings
Amazon Best Sellers Rank: #98,664 in Books (See Top 100 in Books)
Moving on, you might have been asking yourself this question: what is the best book for managing money? The answer to that is the next book on our list:
3. The One-Page Financial Plan – Carl Richards
One problem many people have with managing finances is simplifying everything into a comprehensible plan. Richard’s book is focused on how to streamline your financial planning process and make it simpler to manage overall. The key concept of the book is that it is your economic behavior, not luck or insight, that determines your financial success or failure.
The best book on managing money is the One-Page Financial Plan. The simple examples and no-nonsense layout are easy to follow and can help you simplify your finances to make managing money much easier.
Hardcover: 224 pages
Publisher: Portfolio; 1st edition (March 31, 2015)
Customer Reviews: 4.2 out of 5 stars269 customer ratings
Amazon Best Sellers Rank: #117,813 in Books (See Top 100 in Books)
4. Broke Millennial – Erin Lowry
As the name implies, Broke Millennial is geared towards 20- and 30-something-year-olds who need help getting their finances on track. Broke Millennial demystifies the workings of personal finances and promises to help you go from “flat-broke” to “financial badass.” A major appeal of the book is how it uses real-life everyday experiences to explain more abstract financial planning concepts. Examples cover the gamut of paying student loans and splitting dinner with friends.
Publisher: TarcherPerigee (May 2, 2017)
Customer Reviews: 4.7 out of 5 stars247 customer ratings
Amazon Best Sellers Rank: #17,127 in Books (See Top 100 in Books)
5. The Millionaire Next Door – William Danko & Thomas Stanley
What book should you read to get rich?
If you want to figure out how to get rich, then you should read The Millionaire Next Door. The book is all about how to accumulate wealth. Despite what you might think, Danko & Stanley’s research into the wealthy finds that most wealthy people became that way by being frugal and saving as much money as possible. The Millionaire Next Door explains how you can amass a sizable fortune without needing a flashy degree or a high-paying job.
Danko and Stanley offer an excellent guide on investing and saving like crazy to get as far ahead as possible and quickly as possible. The authors show how you can build up a sizable fortune in a modest amount of time through a combination of grit, discipline, and determination.
Publisher: Taylor Trade Publishing; Reissue edition (November 16, 2010)
Customer Reviews: 4.5 out of 5 stars3,545 customer ratings
Amazon Best Sellers Rank: #2,080 in Books (See Top 100 in Books)
6. Set for Life: Dominate Life, Money, and the American Dream – Scott Trench
Set for Life is focused on how a person can go from having no assets to a point where work is optional in the shortest possible amount of time. Trench argues that the traditional American dream is built on debt and that young people desire to live on their terms as quickly as possible. His advice is not that people should work hard and get as much money as possible but that one should tailor their values and life expectations to figure out how they want to spend their time and money.
Series: Financial Freedom (Book 1)
Publisher: BiggerPockets (April 23, 2017)
Customer Reviews: 4.6 out of 5 stars407 customer ratings
Amazon Best Sellers Rank: #82,448 in Books (See Top 100 in Books)
7. Why Didn’t They Teach Me This in School? – Cary Siegel
Siegel’s book Why Didn’t They Teach Me This in School is a great graduation gift for recent graduates about to chart off independently. The book contains 99 useful money-managing lessons to help people manage money smarter. The book seeks to fill the void that the lack of personal finance classes in school leaves behind.
Publisher: CreateSpace Independent Publishing Platform; 2.4.2013 edition (March 6, 2013)
Customer Reviews: 4.3 out of 5 stars504 customer ratings
Amazon Best Sellers Rank: #13,571 in Books (See Top 100 in Books)
8. The Simple Path to Wealth – JL Collins
Collins’s book is designed especially for investors and those who want to retire early. The book initially began as a collection of letters by the author to his daughter, providing financial advice and investing tips useful for all walks of life. The prose is accessible and fun, but do not hesitate to indulge in complicated examples. It has been very highly rated and featured in several notable publications.
Publisher: CreateSpace Independent Publishing Platform; 1 edition (June 18, 2016)
Customer Reviews: 4.8 out of 5 stars1,290 customer ratings
Amazon Best Sellers Rank: #1,508 in Books (See Top 100 in Books)
9. Think and Grow Rich – Napoleon Hill
Think and Grow Rich is the number one money management book on Amazon. The book is universally known for what it represents when it comes to the financial lessons that the book talks about. The book has only 8 chapters and about 238 pages that make up the simple but yet powerful book. The book has sold over 100 million copies and counting to date. The book has been translated into several books and different languages.
Publisher: TarcherPerigee; Revised & enlarged edition (August 18, 2005)
Customer Reviews: 4.7 out of 5 stars 57, 139 customer ratings
Amazon Best Sellers Rank: #1 in Books (See Top 100 in Books)
10. The Simple Path to Wealth – JL Collins
The simple path to wealth, just like the title says, is a simplified way of finding ways of building your wealth and being financially stable. The book helps provide some guidance as to what decisions you can take to help you plan your wealth-building strategies and economic growth and expansion. The book offers some valuable hints on how you can take the wealth-building strategies that Collins shared to a greater level to help build and sustain your wealth.
Publisher: CreateSpace Independent Publishing Platform; 1st edition (June 18, 2016)
Customer Reviews: 4.8 out of 5 stars 6, 616 customer ratings
Amazon Best Sellers Rank: #1069 in Books (See Top 100 in Books)
11. The 4-Hour Work Week – Timothy Ferriss
In his book, the four-hour workweek, Timothy Ferriss exemplifies how you can start the journey towards quitting your 9-5 job by following some simple steps to help you become financially independent. This book has such high ratings, showing those who have read it to be beyond satisfied with its ratings. This book is relevant today like it has always been, especially in money management and entrepreneurship.
Publisher: Blackstone Audio, Inc. (August 18, 2005)
Customer Reviews: 4.5 out of 5 stars, 15,351 customer ratings
Amazon Best Sellers Rank: #1782 in Books (See Top 100 in Books)
12. Your Money or Your Life – Vickie Robin
Vicki Robin captures the essence of gathering your money from a humble beginning to building that empire of your dream. When you start putting all your money decisions together to help you create the life you desire, this book can help guide you through the process.
Publisher: Penguin Audio
Customer Reviews: 4.5 out of 5 stars, 2,931 customer ratings
Amazon Best Sellers Rank: #7846 in Books (See Top 100 in Books)
13. Baby Steps Millionaire – How Ordinary People Built Wealth – Dave Robin
Dave Ramsey explains the essence of taking baby steps and provides more information on how everyday people are making a difference in their field. How ordinary people build wealth, and how you can do the same thing too. This is so refreshing to get information that can help make all the difference when it comes to finding books for money management.
Publisher: Ramsey Press (January 11, 2022)
Amazon Best Sellers Rank: #2,237 in Books (See Top 100 in Books)
14. Money Magic – Lawrence Kotlikoff
Money Magic is another great book that you want to take your time to read. Kotlikoff explains the different aspects of growing your money, and how you can do it successfully. Money Magic just like the name suggests gives you a great overview of what money is supposed to be in terms of your money plans and investments.
Publisher: Little Brown Spark
15. The Psychology of Money – Harriman Housel
Housel explains the concept of money management in ways that can transcend emotions to help you decipher what steps to take to understand money, and how to manage it effectively.
Publisher: Harriman House; Reprint edition (March 2, 2021)
Customer Reviews: 4.7 out of 5 stars 11,666 customer ratings
Amazon Best Sellers Rank: #1 in Money Management (See Top 100 in Books)
16. You are a Badass at Making Money – Cary Siegel
The title of this book says it all! The management tips are very practical and can help you decide what steps to take to make a difference in what you want to accomplish financially. Cary Siegel also touched on different strategies that can be used to advance your business plans and drive growth.
Publisher: Penguin Audio
Customer Reviews: 4.5 out of 5 stars and 4,624 customer ratings
Amazon Best Sellers Rank: #538 in Audible Books & Originals
17. You are a Badass at Making Money – Cary Siegel
Siegel’s book Why Didn’t They Teach Me This in School is a great graduation gift for recent graduates about to chart off on their own in the world. The book contains 99 useful money managing lessons to help people manage money smarter. The book seeks to fill the void that the lack of personal finance classes in school leaves behind.
Publisher: Penguin Audio
Customer Reviews: 4.5 out of 5 stars and 4,624 customer ratings
Amazon Best Sellers Rank: #538 in Audible Books & Originals
18. Set for Life – Cary Siegel
Set for Life is another book that goes above and beyond to provide value for the readers. This is a great book to help you understand the great financial strategies that you can use to your own advantage. The author, Cary Siegel gives vivid analogies that you can practicalize in your life today to get better results.
Publisher: BiggerPockets; Reprint edition (January 17, 2019)
Customer Reviews: 4.7 out of 5 stars and 1,034 customer ratings
Amazon Best Sellers Rank: #10,864 on Amazon Books
19. Quit Like a Millionaire – Kristy Shen
Shen explains the different ways of creating that lifestyle that you want for yourself. The process is also explained in ways that you can basically practicalize all of the steps outlined in the book. The books also highlight some of the ways you should choose to quiet and do so like a millionaire.
Publisher: TarcherPerigee; Illustrated edition (July 9, 2019)
Customer Reviews: 4.7 out of 5 stars of 1,415 customer ratings
Amazon Best Sellers Rank: #24,648 on Amazon Books
20. The Soul of Money – Kristy Shen
Shen explains the different ways of creating that lifestyle that you want for yourself. The process is also explained in ways that you can basically practicalize all of the steps outlined in the book. The books also highlight some of the ways you should choose to quiet and do so like a millionaire.
Publisher: TarcherPerigee; Illustrated edition (July 9, 2019)
Customer Reviews: 4.7 out of 5 stars of 1,415 customer ratings
Amazon Best Sellers Rank: #24,648 on Amazon Books
21. Know Yourself, Know Your Money – Rachel Cruze
Cruze connects the dots between knowing yourself and managing your money. The book explains some valuable and helpful details about knowing yourself and your economic standing. Cruze also describes different ways to accomplish what you hope to do with the results.
Publisher: Ramsey Press (January 5, 2021)
Customer Reviews: 4.7 out of 5 stars of 1,097 customer ratings
Amazon Best Sellers Rank: #26,284 on Amazon Books
22. The Millionaire Next Door – Rachel Cruze
Lastly, Cruze explains all the different areas of owning the concept of being a millionaire by investing and saving your funds. The book also highlights different things individuals can begin doing today to make all the difference. Rachel Cruze uses this book to connect with other people interested in different approaches to creating the lifestyle you desire for yourself.
Publisher: Gallery Books (October 1, 1998)
Customer Reviews: 4.6 out of 5 stars of 9,005 customer ratings
Amazon Best Sellers Rank: #271,521 on Amazon Books
Final Thoughts
So, what is the best way to manage money?
The best way to manage your money is by saving and investing. Saving money gives you a cushion to fall back on in case things go poorly and investing is a way to grow your already-existing wealth.
Most wealthy people don’t get that way because they have extremely high-paying jobs but because they smartly invest, spend wisely, and don’t live outside their means.
